The Equation of Exchange Revisited

The Equation of Exchange Revisited The article presents a more general version of the equation of exchange providing separately for a financial turnover of money as well as a corresponding financial velocity of money. This sheds a special theoretical light on the easy monetary policy implemented by the Federal Reserve between 2001 and 2004 and the enlargement of the financial sphere in the United States, which persisted until the recent financial crisis broke out – to become an international economic crisis in due course. (JEL E40, E52, G01, N12)

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Year of publication:	2011
Authors:	Kaiser, Dirk
Published in:	Kredit und Kapital. - ISSN 1865-5734. - Vol. 44.2011, 4, p. 491-507
Publisher:	Berlin : Duncker & Humblot

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.3790/kuk.44.4.491 [DOI]
Classification:	E40 - Money and Interest Rates. General ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; G01 - Financial Crises ; N12 - U.S.; Canada: 1913-
Source:	EconStor

Persistent link: https://www.econbiz.de/10014523094